Medical Monitors and Displays Market Growth, Trends and Forecast by 2031

MARKET OVERVIEW

A medical display is a monitor that is designed to meet the specific requirements of medical imaging. Medical displays are typically equipped with image-enhancing technology that assure steady brightness throughout the display's lifetime, noise-free images, ergonomic reading, and automated compliance with DICOM and other medical standards. The key market drivers for medical monitors and displays market are, increase in adoption of hybrid operating rooms, short cycle of replacement for medical monitors and displays and advancements in healthcare facilitities.

MARKET SCOPE

The "Global Medical Monitors and Displays Market Analysis to 2031" is a specialized and in-depth study of the healthcare industry with a special focus on the global market trend analysis. The report aims to provide an overview of the medical monitors and displays market with detailed market segmentation by product type and application. The report provides key statistics on the market status of the leading medical monitors and displays market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

- Based on product type the market is segmented as, TFT-LCD, IPS-LCD, OLED and others.
- Based on application the market is segmented as, radiology, mammography, surgery, dentistry, clinical review imaging and others.

MARKET DYNAMICS

Drivers:

- Increasing in adoption of hybrid operating rooms, short cycle of replacement for medical monitors and displays and advancements in healthcare facilities.
- Growing number of imaging centers along with increasing minimally invasive surgical procedures are expected to boost market growth during the forecast period.

Restraints:

- However, rising adoption of refurbished displays and monitors is expected to restrain market growth during the forecast period.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The medical monitors and displays market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the medical monitors and displays market in these regions.

IMPACT OF COVID-19 ON MEDICAL MONITORS AND DISPLAYS MARKET

COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. According to the current market situation, the report further assesses the present and future effects of the COVID-19 pandemic on the overall market, giving more reliable and authentic projections In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.

MARKET PLAYERS

The report covers key developments in the medical monitors and displays market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from medical monitors and displays market are anticipated to lucrative growth opportunities in the future with the rising demand for medical monitors and displays in the global market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the medical monitors and displays market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.

- Barco
- EIZO
- Advantech Co., Ltd.
- LG Electronics.
- Sony Europe B.V
- Novanta Inc.
- Dell
- STERIS
- Quest International
- HP Development Company, L.P

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Medical Monitors and Displays Report Scope